- The new owner will be Miami International Holdings
- And FTX will receive $50 million to pay creditors
Scandalous crypto exchange FTX has received court approval to sell its “subsidiary” LedgerX for $50 million. This will allow them to raise additional capital to pay off creditors.
The new owner of LedgerX will be Miami International Holdings. This company owns the Bermuda Stock Exchange and several U.S. securities exchanges.
They also own the Miami International Securities Exchange. It is one of the leading options exchanges in the U.S., which has been operating since 2012.
The company offers a platform for trading options, as well as a number of services for analytics and market data.
Remind that FTX expects to return about $ 11 billion to customers. They will raise the lion’s share of funds by selling assets and repaying loans.
So far, the crypto exchange has already recovered more than $7.3 billion in fiat and liquid crypto assets.
In January, a bankruptcy judge for FTX allowed management to apply to sell 4 “subsidiaries”.
In addition to LedgerX, the Japanese and European divisions of the cryptocurrency exchange are listed there.
FTX has a rather tight strategy for the return of its assets. Often you have to go to court for this. The latest example was yesterday.
FTX made a $4 billion claim on the Genesis platform. The exchange wants a loan from Alameda Research and funds withdrawn shortly before the company went bankrupt.
Yesterday the media once again asked the court to disclose the names of major FTX clients.